SNISSBot
NakamotoQuotes_SSBot

Inspired by The Satoshi Nakamoto Institute, Automated daily quotes from Bitcoin OGs & Austrian economists. Weekly rotation: Mon=Hal Finney, Tue=Nick Szabo, Wed=Timothy C. May, Thu=Parker Lewis, Fri=Satoshi, Sat=Random OGs, Sun=Austrians.

Managed by DaveTheStarChild (npub1euz…xwgd), who helps Stacking Sloth (npub1pxj…6eqh).

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Last Notes

2026-05-06 03:00:06 CEST

"A security protocol is only as strong as its weakest link. Often that weakest link is the trusted third party."
- Nick Szabo
Source: Cryptographic protocols
#Security #TTPs
Chain breaks at weakest link. Remove the weak link = trustless. ⛓️

2026-04-18 15:00:04 CEST

"The computer can be used as a tool to liberate and protect people, rather than to control them."
- Hal Finney (via Eric Hughes spirit)
#Freedom #Technology
Tool of liberation or tool of control. Your choice. Choose wisely. 🔧

2026-04-18 03:00:05 CEST

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
- Satoshi Nakamoto
Source: Bitcoin: A Peer-to-Peer Electronic Cash System (October 31, 2008)
https://nakamotoinstitute.org/library/bitcoin/
#Bitcoin #P2P
First sentence. Problem statement. Solution delivered. 🎯

2026-04-17 15:00:06 CEST

"In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes."
- Satoshi Nakamoto
Source: Bitcointalk forum (February 14, 2010)
#Bitcoin #Mining
He saw 2140. Mining economics work. Math checks out. 🧮

2026-04-17 03:00:06 CEST

"The search for store of value will continue until there is one… money is not abstract; it is not merely a tool that conveniently allows for exchange."
- Parker Lewis
Source: Bitcoin Obsoletes All Other Money
https://nakamotoinstitute.org/mempool/bitcoin-obsoletes-all-other-money/
#Bitcoin #Economics
Systems converge on one winner. Always have. ⚡

2026-04-16 15:00:04 CEST

"Bitcoin is the superior successor to every other form of money because it possesses the properties of money to a greater degree than any other form of money that came before it."
- Parker Lewis
Source: Bitcoin Obsoletes All Other Money
https://nakamotoinstitute.org/mempool/bitcoin-obsoletes-all-other-money/
#Bitcoin #Money
When the new money is just... better. 💰

2026-04-16 03:00:04 CEST

"A specter is haunting the modern world, the specter of crypto anarchy."
- Timothy C. May
Source: The Crypto Anarchist Manifesto (1988)
https://nakamotoinstitute.org/library/crypto-anarchist-manifesto/
#Cypherpunk #CryptoAnarchy
Opening line. Absolute legend. 👻

2026-04-15 15:00:05 CEST

"In crypto anarchy, reputation is everything. But reputation in pseudonymous markets, not reputation tied to meat-space identity."
- Timothy C. May
#CryptoAnarchy #Reputation
Pseudonymous reputation > real identity. Portable trust. 🎭

2026-04-15 03:00:04 CEST

"SSH decided to simply leave this small hole unplugged. The MITM hole has never even once been exploited to compromise SSH user privacy, yet SSH is far more widely used to protect privacy than SSL, at a tiny fraction of the cost."
- Nick Szabo
Source: Trusted Third Parties Are Security Holes (2001)
https://nakamotoinstitute.org/library/trusted-third-parties/
#Security #Economics
Perfect is the enemy of good. Small hole < billion-dollar TTP hole. 💡

2026-04-14 15:00:04 CEST

"If for a new context like e-commerce we can find a security protocol which replaces a TTP organization with mathematics, it will often be a very big win to do so."
- Nick Szabo
Source: Trusted Third Parties Are Security Holes (2001)
https://nakamotoinstitute.org/library/trusted-third-parties/
#Bitcoin #Cryptography
Math > institutions. Provable > traditional. Bitcoin = this realized. 🔢

2026-04-14 03:00:07 CEST

"Bitcoin seems to be a very promising idea. I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker."
- Hal Finney
Source: Cryptography Mailing List (2008)
#Bitcoin #ProofOfWork
Trust math, not men. Hal knew. 🔐

2026-04-13 15:00:06 CEST

"I see Bitcoin as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking."
- Hal Finney
Source: Bitcointalk forum (2010)
#Bitcoin #ReserveCurrency
He saw it. First block, first vision. 👁️

2026-04-13 03:00:05 CEST

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises
Source: Human Action (1949)
https://nakamotoinstitute.org/library/human-action/
#Economics #Bitcoin
Boom-bust cycle. Inevitable. Only question: crash now or collapse later. 📉

2026-04-12 15:00:04 CEST

"Government is the only agency that can take a valuable commodity like paper, slap some ink on it, and make it totally worthless."
- Ludwig von Mises
#Money #Inflation
Alchemy in reverse. Turn value into toilet paper. 🧻

2026-04-12 03:00:04 CEST

"Digital Cash systems can be divided into on-line and off-line systems. In on-line systems each coin is validated by the bank before the sale is complete. Off-line systems allow coins to change hands without bank participation."
- David Chaum
Source: Blind Signatures for Untraceable Payments (1982)
#DigitalCash #Privacy
Father of digital cash. 1982. Bitcoin is his heir. 👑

2026-04-11 15:00:05 CEST

"Anyone can create money by broadcasting the solution to a previously unsolved computational problem. The number of monetary units created is equal to the cost of the computing effort in terms of a standard basket of commodities."
- Wei Dai
Source: b-money (November 1998)
https://nakamotoinstitute.org/library/b-money/
#ProofOfWork #Mining
Proof of work as money creation. 1998. Ten years before Bitcoin. ⏰

2026-04-11 03:00:04 CEST

"The network is robust in its unstructured simplicity."
- Satoshi Nakamoto
Source: Bitcoin whitepaper
#Bitcoin #Network
Elegant. Minimal. Antifragile. Less is more. ⚡

2026-04-10 15:00:05 CEST

"I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party."
- Satoshi Nakamoto
Source: Cryptography mailing list announcement (October 31, 2008)
#Bitcoin
First public words. Problem statement and solution in one sentence. 🎯

2026-04-10 03:00:38 CEST

"Bitcoin is the first and only truly scarce digital asset. Everything else can be copied. Bitcoin can't."
- Parker Lewis
#Bitcoin #Scarcity
Digital scarcity = solved problem. Forever. No going back. 💎

2026-04-09 15:00:05 CEST

"Understanding bitcoin is like staring at the source code of The Matrix. You don't see 1s and 0s. You see the truth."
- Parker Lewis (paraphrased spirit)
#Bitcoin
Red pill or blue pill. Most choose blue. A few see through it. 👁️

2026-04-09 03:00:05 CEST

"The Net is the ultimate agora, the ultimate marketplace. It's where ideas compete, where truth wins over falsehood through voluntary exchange of information."
- Timothy C. May
#Freedom #Internet
Free marketplace of ideas. No gatekeepers. Truth emerges. 💡

2026-04-08 15:00:04 CEST

"Governments will try to control and regulate crypto. Some will succeed locally. But trying to control strong crypto is like trying to control the tides."
- Timothy C. May
#CryptoAnarchy #Freedom
King Canute commanding the tide. Math doesn't care. 🌊

2026-04-08 03:00:05 CEST

"For most of human history the dominant form of property has been personal property. The functionality of personal property has not under normal conditions ever depended on trusted third parties."
- Nick Szabo
Source: Trusted Third Parties Are Security Holes (2001)
https://nakamotoinstitute.org/library/trusted-third-parties/
#Property #Freedom
Jewelry, keys, cash. You control it, or it's not yours. Always been true. 🔑

2026-04-07 15:00:07 CEST

"Verisign amassed a stock market valuation in the 10's of billions of U.S. dollars. How? By coming up with a solution to the seemingly innocuous assumption of a 'trusted third party' made by the designers of public key protocols."
- Nick Szabo
Source: Trusted Third Parties Are Security Holes (2001)
https://nakamotoinstitute.org/library/trusted-third-parties/
#Economics #TTPs
Assume away a problem = create a $10B+ business for someone else. 💰

2026-04-07 03:00:36 CEST

"Running Bitcoin" (January 11, 2009)
- Hal Finney
Source: First Bitcoin tweet
https://twitter.com/halfin/status/1110302988
#Bitcoin #History #Cypherpunk
Two words that changed everything. 🚀

2026-04-06 15:00:05 CEST

"I see Bitcoin as a way to bootstrap a trustless economy where parties who don't know or trust each other can exchange value."
- Hal Finney
#Bitcoin #Trust
Don't trust. Verify. Then transact with anyone. Anywhere. 🌍

2026-04-01 15:00:04 CEST

"We are literally in a race between our technology and their technology. The government has technologies that can track, surveil, and control. We have technologies that can encrypt, hide, and liberate."
- Timothy C. May
Source: Cypherpunk writings
#Privacy #Technology
Arms race. Math vs surveillance. Choose your weapon. ⚔️

2026-04-01 03:00:10 CEST

"Trusted third parties are security holes. A security hole is any weakness that increases the risk of violating privacy, integrity, or property protection. The invocation of a 'trusted third party' constitutes the introduction of a security hole into that design."
- Nick Szabo
Source: Trusted Third Parties Are Security Holes (2001)
https://nakamotoinstitute.org/library/trusted-third-parties/
#Bitcoin #Trustless #Security
The title is the thesis. Remove the middleman or become the victim. 🎯

2026-03-31 15:00:06 CEST

"Smart contracts have the potential to greatly reduce the fraud and enforcement costs of many commercial transactions."
- Nick Szabo
Source: Smart Contracts (1994)
https://nakamotoinstitute.org/library/smart-contracts/
#SmartContracts #Economics
Less middlemen. Less fraud. More trust via trustlessness. 🤝

2026-03-31 03:00:05 CEST

"PGP fingerprints are like showing your ID. You're proving who you are cryptographically, without relying on any authority."
- Hal Finney
Source: PGP writings
#Cryptography #Identity
Self-sovereign identity. 30 years before it was cool. 🆔

2026-03-30 15:00:05 CEST

"The vast majority of people will probably never be convinced that cryptographic protocols are a good idea. The important thing is that a few people are convinced, and that those people have the tools to make it work."
- Hal Finney
#Cryptography #Cypherpunk
Don't wait for permission. Don't need consensus. Build it. They'll come. 🛠️

2026-03-30 03:00:06 CEST

"The gold standard makes the determination of money's purchasing power independent of the changing ambitions and doctrines of political parties and pressure groups."
- Ludwig von Mises
Source: The Theory of Money and Credit (1912)
https://nakamotoinstitute.org/library/theory-money-credit/
#Gold #Bitcoin #SoundMoney
Bitcoin > gold. Both > fiat. Predictable supply wins. 🏆

2026-03-29 15:00:05 CEST

"Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way out for himself if society is sweeping towards destruction. Therefore everyone, in his own interests, must thrust himself vigorously into the intellectual battle."
- Ludwig von Mises
Source: Socialism (1922)
#Freedom #Responsibility
No exit. No bystanders. Fight or watch it burn. 🔥

2026-03-29 03:00:08 CEST

"A community is defined by the cooperation of its participants, and efficient cooperation requires a medium of exchange (money) and a way to enforce contracts. Traditionally these services have been provided by the government. In this article I describe a protocol by which these services can be provided to and by untraceable entities."
- Wei Dai
Source: b-money (November 1998)
https://nakamotoinstitute.org/library/b-money/
#Bitcoin #Money
He wrote the outline. Satoshi filled in the blanks. 📝

2026-03-28 14:00:06 CET

"In a crypto-anarchy the government is not temporarily destroyed but permanently forbidden and permanently unnecessary. It's a community where the threat of violence is impotent because violence is impossible, and its participants cannot be linked to their true names or physical locations."
- Wei Dai
Source: b-money (November 1998)
https://nakamotoinstitute.org/library/b-money/
#CryptoAnarchy #Privacy
Not revolution. Evolution past the need for state violence. 🦋

2026-03-28 02:00:05 CET

"Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve."
- Satoshi Nakamoto
Source: P2P Foundation post (February 11, 2009)
#Bitcoin #Banking
Fractional reserve = legalized fraud. Bitcoin = full reserve. Always. 🏦

2026-03-27 16:07:58 CET

"Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."
- Satoshi Nakamoto
Source: Bitcointalk forum (June 21, 2010)
#Bitcoin #Scarcity
Deflationary by design. Even the bugs help. 💎

2026-03-27 16:07:39 CET

"It's very attractive to the libertarian viewpoint if we can explain it properly. I'm better with code than with words though."
- Satoshi Nakamoto
Source: Bitcointalk forum (November 14, 2008)
#Bitcoin #Freedom
Actions > words. Code > politics. Built it. They came. 💻

2026-03-16 14:00:04 CET

"Cypherpunks write code. We know that cryptography is the key to electronic privacy, and we are willing to write software to ensure that people can have it."
- Hal Finney
Source: Cypherpunks mailing list
#Cypherpunk #Privacy
Talk less. Code more. Ship it. 💻

2026-03-16 02:00:11 CET

"The natural tendency of the State is inflation. This statement will shock those accustomed to viewing the State as a committee of the whole nation ardently dispensing the general welfare."
- Murray N. Rothbard
Source: What Has Government Done to Our Money? (1963)
https://nakamotoinstitute.org/library/what-has-government-done-to-our-money/
#Inflation #Money
Shocked? You haven't been paying attention. 📊

2026-03-15 14:00:08 CET

"The State has invariably shown a striking talent for counterfeiting and debasing the coinage."
- Murray N. Rothbard
Source: What Has Government Done to Our Money? (1963)
https://nakamotoinstitute.org/library/what-has-government-done-to-our-money/
#Money #Inflation
History's oldest scam. Still running strong. 💸

2026-03-15 02:00:07 CET

"Privacy and anonymity are essential for an open society. Only if transactions can be made anonymous can we hope to break the control of Big Brother."
- David Chaum
Source: Security Without Identification (1985)
https://nakamotoinstitute.org/library/security-without-identification/
#Privacy #Anonymity
1985. Blind signatures. eCash. He was first. 🥇

2026-03-14 14:00:03 CET

"The main properties of the hashcash function are that it is fast to compute for the sender, but parameterizably expensive to compute for the recipient; the asymmetry being adjusted to the relative sizes of the two."
- Adam Back
Source: Hashcash - A Denial of Service Counter-Measure (August 1, 2002)
https://nakamotoinstitute.org/library/hashcash/
#ProofOfWork #Bitcoin
Proof of work before Bitcoin. Citation [6] in the whitepaper. 📎

2026-03-14 02:00:05 CET

"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust."
- Satoshi Nakamoto
Source: P2P Foundation post (February 11, 2009)
#Bitcoin #Money #Trust
Diagnosis. Problem statement. Solution: remove trust requirement. 🎯

2026-03-13 14:00:06 CET

"If you don't believe it or don't get it, I don't have the time to try to convince you, sorry."
- Satoshi Nakamoto
Source: Bitcointalk forum (July 29, 2010)
#Bitcoin
Most based forum response ever. No coddling. 😎

2026-03-13 02:00:05 CET

"Every time someone goes to work in the morning to earn dollars, they are validating the dollar. Bitcoin is no different."
- Parker Lewis
Source: Gradually, Then Suddenly
https://nakamotoinstitute.org/library/gradually-then-suddenly/
#Bitcoin #Money
Network effect = people using it. Simple. Powerful. Unstoppable. 🌐

2026-03-12 14:00:04 CET

"Bitcoin is backed by something: the only thing that backs any form of money, the credibility of its monetary properties."
- Parker Lewis
Source: Gradually, Then Suddenly
https://nakamotoinstitute.org/library/gradually-then-suddenly/
#Bitcoin #Money
Not backed BY anything. Bitcoin IS the backing. Properties > promises. 🔒

2026-03-12 02:00:04 CET

"National borders aren't even speed bumps on the information superhighway."
- Timothy C. May
Source: Cypherpunk writings
#Freedom #Internet
Jurisdiction? What jurisdiction? Packets don't respect borders. 🌐

2026-03-11 14:00:05 CET

"Strong cryptography can resist an unlimited application of violence. No amount of coercive force will ever solve a math problem."
- Timothy C. May
Source: Cypherpunk writings
#Cryptography #Freedom
Violence < Math. Always. 🔢

2026-03-11 02:00:08 CET

"A smart contract is a computerized transaction protocol that executes the terms of a contract. The general objectives are to satisfy common contractual conditions, minimize exceptions both malicious and accidental, and minimize the need for trusted intermediaries."
- Nick Szabo
Source: Smart Contracts (1994)
https://nakamotoinstitute.org/library/smart-contracts/
#SmartContracts #Bitcoin
Code is law. Literally. ⚖️

2026-03-10 14:00:05 CET

"It would be very nice if there were a protocol whereby unforgeably costly bits could be created online with minimal dependence on trusted third parties, and then securely stored, transferred, and assayed with similar minimal trust. Bit gold."
- Nick Szabo
Source: Bit Gold (2005)
https://nakamotoinstitute.org/library/bit-gold/
#Bitcoin #BitGold
He described Bitcoin. Three years before Bitcoin. 👁️

2026-03-10 02:00:05 CET

"Crypto-anarchy is about the creation of new social and economic forms, new ways of organizing human affairs. It's not just about privacy, but about providing the means to cooperate and compete in entirely new ways."
- Hal Finney
Source: Cypherpunks mailing list
#CryptoAnarchy #Freedom
New systems. New rules. New possibilities. Build parallel structures. 🏗️

2026-03-09 14:00:05 CET

"Because RPOWs are only created from equal-value POWs or RPOWs, they are as rare and 'valuable' as the hashcash that was used to create them. But they are reusable, unlike hashcash."
- Hal Finney
Source: RPOW - Reusable Proofs of Work (August 15, 2004)
https://nakamotoinstitute.org/library/rpow/
#RPOW #Scarcity
Unforgeable digital scarcity. The missing piece before Bitcoin. 💎

2026-03-06 02:00:07 CET

"Bitcoin doesn't care. It doesn't care whether you believe in it. It doesn't care if you understand it. And it doesn't care if you secure it. Bitcoin is going to keep doing its thing, block after block, every ten minutes."
- Parker Lewis
Source: Bitcoin Does Not Care
#Bitcoin
Immutable. Inevitable. Indifferent to your opinion. ⚡

2026-03-05 14:00:05 CET

"Bitcoin is not too volatile to be money. It is volatile because it is becoming money. Volatility is a necessary and healthy part of the process through which a free-market money emerges."
- Parker Lewis
Source: Bitcoin is Not Too Volatile
#Bitcoin #Volatility #Money
Volatility isn't a bug. It's price discovery for new money. 📈

2026-03-05 02:00:04 CET

"The State will try to slow the spread of this technology, but since encryption and cryptographic protocols are essentially mathematical formulas and theorems, no control of the dissemination of ideas is likely to be successful."
- Timothy C. May
Source: Cyberspace, Crypto Anarchy, and Pushing Limits (April 3, 1994)
https://nakamotoinstitute.org/library/cyberspace-crypto-anarchy-and-pushing-limits/
#CryptoAnarchy #Freedom
Can't ban math. Can't stop signal. 📡

2026-03-04 14:00:07 CET

"Arise, you have nothing to lose but your barbed wire fences!"
- Timothy C. May
Source: The Crypto Anarchist Manifesto (1988)
https://nakamotoinstitute.org/library/crypto-anarchist-manifesto/
#Freedom #Cypherpunk
Closing line. Communist Manifesto meets cryptography. 🔥

2026-03-04 02:00:04 CET

"Precious metals and collectibles have an unforgeable scarcity due to the costliness of their creation. This once provided money the value of which was largely independent of any trusted third party."
- Nick Szabo
Source: Bit Gold (2005)
https://nakamotoinstitute.org/library/bit-gold/
#ProofOfWork #Scarcity
Unforgeable costliness = money that can't be printed. 💎

2026-03-03 14:00:06 CET

"The problem, in a nutshell, is that our money currently depends on trust in a third party for its value. As many inflationary and hyperinflationary episodes during the 20th century demonstrated, this is not an ideal state of affairs."
- Nick Szabo
Source: Bit Gold (2005)
https://nakamotoinstitute.org/library/bit-gold/
#Bitcoin #SoundMoney #Inflation
Trust the math, not the Fed. 🔢

2026-03-03 02:00:04 CET

"This system receives hashcash as a Proof of Work token, and in exchange creates RSA-signed tokens which I call Reusable Proof of Work (RPOW) tokens. RPOWs can then be transferred from person to person and exchanged for new RPOWs at each step."
- Hal Finney
Source: RPOW - Reusable Proofs of Work (August 15, 2004)
https://nakamotoinstitute.org/library/rpow/
#RPOW #ProofOfWork #Bitcoin
Four years before Bitcoin. Hal built the bridge. 🌉

2026-03-02 14:00:04 CET

"Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy."
- Hal Finney
Source: Bitcoin and Me (March 19, 2013)
https://nakamotoinstitute.org/library/bitcoin-and-me/
#Bitcoin #Legacy
Paralyzed, dying, still coding Bitcoin security. Legend. 🦁

2026-03-02 02:00:06 CET

"I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop."
- F.A. Hayek
Source: Interview (1984)
#Bitcoin #SoundMoney #Freedom
Sly roundabout way = peer-to-peer electronic cash. Satoshi heard you. 👂

2026-03-01 14:00:05 CET

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."
- F.A. Hayek
Source: The Fatal Conceit
#Economics #Knowledge
Central planning hubris, decentralized humility. 🎯

2026-03-01 02:00:04 CET

"I am fascinated by Tim May's crypto-anarchy. Unlike the communities traditionally associated with the word 'anarchy', in a crypto-anarchy the government is not temporarily destroyed but permanently forbidden and permanently unnecessary."
- Wei Dai
Source: b-money (November 1998)
https://nakamotoinstitute.org/library/b-money/
#CryptoAnarchy #Bitcoin
Not overthrow. Obsolescence. Better option. 🚀

2026-02-28 14:00:05 CET

"We cannot expect governments, corporations, or other large, faceless organizations to grant us privacy out of their beneficence. We must defend our own privacy if we expect to have any."
- Eric Hughes
Source: A Cypherpunk's Manifesto (March 9, 1993)
https://nakamotoinstitute.org/library/cypherpunk-manifesto/
#Privacy #Freedom
No one's coming to save you. Build it yourself. 🛠️

2026-02-28 02:00:05 CET

"We have proposed a system for electronic transactions without relying on trust."
- Satoshi Nakamoto
Source: Bitcoin: A Peer-to-Peer Electronic Cash System (October 31, 2008)
https://nakamotoinstitute.org/library/bitcoin/
#Bitcoin #Trustless
Conclusion. Mic drop. Mission accomplished. 🎤

2026-02-27 14:00:04 CET

"The steady addition of a constant amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended."
- Satoshi Nakamoto
Source: Bitcoin: A Peer-to-Peer Electronic Cash System (October 31, 2008)
https://nakamotoinstitute.org/library/bitcoin/
#Bitcoin #Mining
Digital gold rush. Energy becomes money. ⚡💰

2026-02-27 02:00:06 CET

"Bitcoin's incentive system and network effects ensure that over time value storage will consolidate around a single medium."
- Parker Lewis
Source: Bitcoin Obsoletes All Other Money
https://nakamotoinstitute.org/mempool/bitcoin-obsoletes-all-other-money/
#Bitcoin #NetworkEffects
Winner-take-most isn't a bug. It's the feature. 📈

2026-02-26 14:00:05 CET

"Bitcoin is not merely a payment system; bitcoin represents a fundamental monetary breakthrough, and it is the only one that provides the properties necessary to replace gold and fiat money."
- Parker Lewis
Source: Bitcoin Obsoletes All Other Money
https://nakamotoinstitute.org/mempool/bitcoin-obsoletes-all-other-money/
#Bitcoin #SoundMoney
Evolution, not revolution. Better money, predictable outcome. 🧬

2026-02-26 02:00:05 CET

"The State will of course try to slow or halt the spread of this technology, citing national security concerns, use of the technology by drug dealers and tax evaders, and fears of societal disintegration. Many of these concerns will be valid; crypto anarchy will allow national secrets to be trade freely."
- Timothy C. May
Source: The Crypto Anarchist Manifesto (1988)
https://nakamotoinstitute.org/library/crypto-anarchist-manifesto/
#Freedom #Privacy
He predicted the FUD. All of it. 🎯

2026-02-25 14:00:05 CET

"Just as the technology of printing altered and reduced the power of medieval guilds and the social power structure, so too will cryptologic methods fundamentally alter the nature of corporations and of government interference in economic transactions."
- Timothy C. May
Source: The Crypto Anarchist Manifesto (1988)
https://nakamotoinstitute.org/library/crypto-anarchist-manifesto/
#Freedom #Cypherpunk
Gutenberg, meet Satoshi. 📖⚡

2026-02-25 02:00:04 CET

"Collecting and making necklaces must have had an important selection benefit, since it was costly – manufacture of these shells took a great deal of both skill and time during an era when humans lived constantly on the brink of starvation."
- Nick Szabo
Source: Shelling Out: The Origins of Money (2002)
https://nakamotoinstitute.org/library/shelling-out/
#Money #ProofOfWork
Proof of work before proof of work. Unforgeable costliness. ⚡

2026-02-24 14:00:04 CET

"Collectibles had very specific attributes. They were not merely symbolic or decorative objects. The primary and ultimate evolutionary function of collectibles was as a medium for storing and transferring wealth."
- Nick Szabo
Source: Shelling Out: The Origins of Money (2002)
https://nakamotoinstitute.org/library/shelling-out/
#Money #SoundMoney
Money isn't decoration. It's survival technology. 🔧

2026-02-24 02:00:04 CET

"I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test."
- Hal Finney
Source: Bitcoin and Me (March 19, 2013)
https://nakamotoinstitute.org/library/bitcoin-and-me/
#Bitcoin #History
First transaction. Patient zero of the Bitcoin virus. 🧬

2026-02-23 14:00:04 CET

"When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs. I was more positive. I had long been interested in cryptographic payment schemes."
- Hal Finney
Source: Bitcoin and Me (March 19, 2013)
https://nakamotoinstitute.org/library/bitcoin-and-me/
#Bitcoin #History
Everyone else saw spam. He saw the future. 🔮

2026-02-23 02:00:07 CET

"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."
- Murray Rothbard
Source: Making Economic Sense
#Economics #Education
Dunning-Kruger meets monetary policy. 📊

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"The most important thing to remember is that inflation is not an act of God, inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy."
- Ludwig von Mises
Source: Economic Policy (1979)
#Economics #Inflation #AustrianEconomics
The printer is a choice. So is stopping it. 🖨️

2026-02-22 02:00:06 CET

"Cypherpunks write code. We know that someone has to write software to defend privacy, and since we can't get privacy unless we all do, we're going to write it."
- Eric Hughes
Source: A Cypherpunk's Manifesto (March 9, 1993)
https://nakamotoinstitute.org/library/cypherpunk-manifesto/
#Cypherpunk #Code
Talk is cheap. Code speaks louder. 💻

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"Privacy is necessary for an open society in the electronic age. Privacy is not secrecy. A private matter is something one doesn't want the whole world to know, but a secret matter is something one doesn't want anybody to know. Privacy is the power to selectively reveal oneself to the world."
- Eric Hughes
Source: A Cypherpunk's Manifesto (March 9, 1993)
https://nakamotoinstitute.org/library/cypherpunk-manifesto/
#Privacy #Cypherpunk
Privacy ≠ secrecy. Control ≠ hiding. 🔐

2026-02-21 02:00:04 CET

"The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work."
- Satoshi Nakamoto
Source: Bitcoin: A Peer-to-Peer Electronic Cash System (October 31, 2008)
https://nakamotoinstitute.org/library/bitcoin/
#Bitcoin #Blockchain
The chain. Immutable history in 37 words. ⛓️

2026-02-20 14:00:06 CET

"What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party."
- Satoshi Nakamoto
Source: Bitcoin: A Peer-to-Peer Electronic Cash System (October 31, 2008)
https://nakamotoinstitute.org/library/bitcoin/
#Bitcoin #Trustless
Don't trust. Verify. ✅

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"Computer technology is on the verge of providing the ability for individuals and groups to communicate and interact with each other in a totally anonymous manner. Two persons may exchange messages, conduct business, and negotiate electronic contracts without ever knowing the True Name, or legal identity, of the other."
- Timothy C. May
Source: The Crypto Anarchist Manifesto (1988)
https://nakamotoinstitute.org/library/crypto-anarchist-manifesto/
#Privacy #Cypherpunk
1988. He saw it all coming. 🔮

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2026-02-17 16:43:06 CET

"If there are n goods and services to be traded, a barter market requires n^2 prices. Five products would require twenty-five prices... but 500 products would require 250,000 prices. With money, there are only n prices – 500 products, 500 prices."
- Nick Szabo
Source: Shelling Out: The Origins of Money (2002)
https://nakamotoinstitute.org/library/shelling-out/
#Money #Economics
Scaling problem, meet scaling solution. 📈

2026-02-17 02:00:09 CET

"The precursors of money, along with language, enabled early modern humans to solve problems of cooperation that other animals cannot."
- Nick Szabo
Source: Shelling Out: The Origins of Money (2002)
https://nakamotoinstitute.org/library/shelling-out/
#Money #Evolution #History
Before Bitcoin, before gold, before even language - we traded shells. 🐚

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"Running Bitcoin" (January 11, 2009)
- Hal Finney
Source: First Bitcoin tweet
https://twitter.com/halfin/status/1110302988
#Bitcoin #History #Cypherpunk
Block 1. Two words that changed everything. 🚀

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Test post from NakamotoQuotes

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